Business
‘No NNPC’s Fraudulent Dealings In Dangote Refinery’

Chief Operating Officer, Refineries & Petrochemicals, Nigerian National Petroleum Corporation (NNPC), Mr Mustapha Yakubu, says there is no fraudulent dealing in NNPC’s planned equity participation in Dangote Oil Refining Company (DORC).
Yakubu made the declaration on Monday in Abuja while briefing newsmen.
“Our attention has been drawn to media reports ascribing to me alleged fraudulent dealing around the plan by the NNPC to ac’quire equity participation in DORC.
“The publication is very embarrassing, disgusting and above all, horrifying and damaging to my character and personality as a dutiful officer of the Federal Republic of Nigeria, and more importantly as a top management staff of NNPC.
“I hereby state categorically that I did not speak with any news person or organisation on the issue.
“I wish also to state that, to the best of my knowledge, there is no such plan or fraudulent motive behind the equity acquisition arrangement with the DORC or any of the other private refinery that NNPC is in talks with,’’ he said
Yakubu added that the decision to acquire participating stake in some private refineries was reached after an evaluation carried out by local and international experts.
“I was part of the team that further evaluated the report of the working committees (Technical and Commercial) and the subsequent adoption of the plan by the top management committee of the NNPC.
“ This is in concert with the Federal Government’s overall energy security strategy,’’ he said.
The planned investment in DORC is one out of many other planned investments in domestic refining, including development of crude oil modular refineries and condensate refineries near crude sources to curb pipeline vandalism.
“I am strongly in support of the Federal Government’s overall energy security strategy which indeed is part of my schedule.
“I will continue to do everything within my power to ensure the realisation of this laudable Federal Government’s objective”, he said.
Yakubu urged members of the public to disregard the report as it was obviously designed to scuttle Federal Government’s energy security agenda for the nation
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
News4 days ago
Fubara’s Return Excites NCSU … As Hope Rises For Civil Servants
-
Opinion4 days ago
Man and Lessons from the Lion
-
Oil & Energy4 days ago
How Solar Canals Could Revolutionize the Water-Energy-Food Nexus
-
News4 days ago
CJN To Swear In 57 New SANs, Sept 29
-
Sports4 days ago
Bournemouth, Newcastle Share Points
-
Editorial4 days ago
No To Political Office Holders’ Salary Hike
-
Sports4 days ago
Sosa Pledges To Support Dolphins Swimming League
-
Oil & Energy4 days ago
FG Inaugurates National Energy Master Plan Implementation Committee